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Dec 22, 2012
12/12
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tax the magazines, tax the bullets, attacks the ammunitions. i do not care how many guns they have. if they cannot fire them, they will not kill people. >> state department takes a big hit on benghazi. >> the state department had not given benghazi the security, both physical and personal resources it needed. >> former ambassador thomas pickering, the chairman of the accountability review board that investigated the attack, the board report has resulted in three resignations so far, but i guarantee that is not the end of this debate. >> it is not, but i feel like -- when somebody is going down the street and they cut someone off. the other guy is furious and the errant drivers says you are right here that is what happened this week. the state department said you were right. it sort of took the wind out of the sales of the republican conspiracy theorists', i think, somewhat. a hearing was only an hour-and- a-half long? the last one was four hours and everyone was screaming. this one was pretty reasonable. >> still some wind in your sales, charles? >> the secretary said the buck stops
tax the magazines, tax the bullets, attacks the ammunitions. i do not care how many guns they have. if they cannot fire them, they will not kill people. >> state department takes a big hit on benghazi. >> the state department had not given benghazi the security, both physical and personal resources it needed. >> former ambassador thomas pickering, the chairman of the accountability review board that investigated the attack, the board report has resulted in three resignations...
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Dec 23, 2012
12/12
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KQED
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he said the 1 requirement i have for any deal is hiking tax rates. the reason that boehner was not able to do plan b was because it involved breaching the principle, which he did openly and said he was ready to do it. there were conservatives who would not do it. that is not a figure of the party that will be extremely hard to reconcile. if you can not, how you get a deal done before january 1? >> that is essentially the problem the president faced with boehner two years ago. last year. can he deliver? how can you negotiate with someone who cannot deliver on his side? >> you go to people for support, at least three of whom have lost their committee assignments. how can you expect them to come over to your way of thinking? >> they were crowing when john boehner went down, taking some delight, but that was pre- cleared by the leadership. the leadership was with him. this is not a question of -- quite bluntly, leaving and losing their virginity on the issue of tax cuts. it is an important thing for these republicans who have not voted. no republican in
he said the 1 requirement i have for any deal is hiking tax rates. the reason that boehner was not able to do plan b was because it involved breaching the principle, which he did openly and said he was ready to do it. there were conservatives who would not do it. that is not a figure of the party that will be extremely hard to reconcile. if you can not, how you get a deal done before january 1? >> that is essentially the problem the president faced with boehner two years ago. last year....
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Dec 23, 2012
12/12
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. >> like to move on to the issue bigger committee tackled yesterday, which is the september 11 tax on the u.s. mission and an x in benghazi. -- attacks on the u.s. mission and annex in benghazi. three other officials were placed on administrative leave. it may or may not be disciplined. are you satisfied that the investigation is done? >> the most important thing is not whether or not the president called it a terrorist attack or anything like that. the most important thing is to nsure that no, benghazi's happen in the future. there were plenty of mistakes to report. in the future, that the coordination is better and we do not make the same mistakes. that is the most important thing. it was a mistake for mitt romney to use this as a political thing during the campaign. i think foreign policy should be bipartisan to the extent that is possible, and in a time of tragedy, americans need to rally around -- rally together and not try to use it for political, partisan purposes. we need to dissect it, see what happened and make sure it never happens again. there were recommendations that wer
. >> like to move on to the issue bigger committee tackled yesterday, which is the september 11 tax on the u.s. mission and an x in benghazi. -- attacks on the u.s. mission and annex in benghazi. three other officials were placed on administrative leave. it may or may not be disciplined. are you satisfied that the investigation is done? >> the most important thing is not whether or not the president called it a terrorist attack or anything like that. the most important thing is to...
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Dec 30, 2012
12/12
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WRC
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give the president his tax hike on the rich now. fight him on everything else when taxes aren't part of the conversation. fight him on everything else in six weeks when the debt ceiling is hit or eight weeks, 12 weeks, whenever that fight happens, and do that. i do think that mcconnell -- that's where he wants to be. can he get there in the next 24 hours? that's what we don't know. >> tom brokaw? >> well, it seems to me that the middle class is going to have a date for the prom. everybody is talking about protecting the middle class here. so i think this deal will probably get done around the middle class tax cut. it's at what level. $400,000 or $250,000 or some other number. which is going to be critically important. a lot of people don't realize in a large urban and suburban areas of america, $250,000 doesn't make you rich. have you two kids in college at $60,000. if you're a boomer, you may have a dependent parent of some kind. spending another $20,000 or $25,000 on that. you have to have a definition of what is the middle class.
give the president his tax hike on the rich now. fight him on everything else when taxes aren't part of the conversation. fight him on everything else in six weeks when the debt ceiling is hit or eight weeks, 12 weeks, whenever that fight happens, and do that. i do think that mcconnell -- that's where he wants to be. can he get there in the next 24 hours? that's what we don't know. >> tom brokaw? >> well, it seems to me that the middle class is going to have a date for the prom....
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Dec 30, 2012
12/12
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amt, the alternative minimum tax. a fix so that won't hit 20 million more americans. >> that is exactly right. >> chris: let me focus on the tax rates. that has been the biggest issue in the whole debate. the president wants to extend the tax rates on families making less than $250,000 a year. senator graham is that acceptable or does the threshold for when you start to make the bush tax rates go away does it have to be higher? some people said $400,000 and $500,000. how confident are you that the house which refused to set the mark at a million dollars will pass any tax rate increase? >> if democrats will vote for the deal in the house if they are allowed to vote for whatever the senate passes there will be enough republicans but boehner needs a majority of the republican party. in 2010 we extended all of the tax cuts because the economy was weak. we are not going to extend all of the tax cuts but the economy is weaker. i don't understand the economics but i do understand the politics. the president won. the presiden
amt, the alternative minimum tax. a fix so that won't hit 20 million more americans. >> that is exactly right. >> chris: let me focus on the tax rates. that has been the biggest issue in the whole debate. the president wants to extend the tax rates on families making less than $250,000 a year. senator graham is that acceptable or does the threshold for when you start to make the bush tax rates go away does it have to be higher? some people said $400,000 and $500,000. how confident...
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Dec 30, 2012
12/12
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and, every working american's taxes will go up january 1st if they do nothing about the payroll tax, a pretty big increase, and, defense cuts and everyone agrees, with that policy to have middle class americans' taxes go up, and, it totally irresponsible defense cuts and this is what congress thinks is a good deal. >> chris: i'm not sure it is a good deal but avoids the worst of the fiscal cliff. senator bayh -- obviously, we don't know, what is your sense, no filibuster in the senate? you heard lindsay graham and do republicans pass whatever the senate agrees to? >> the odds are somewhat better than 50/50 we get a minimal deal in the senate. not one that solves our debt problem, as you pointed out earlier and this is a prequel to going through it again around the first of march over the debt ceiling and getting us through this crisis, slightly better than 50-50 and the real question is in the house of representatives and will it be enough of a compromise, that enough republicans can vote for it, to get through the house? i put that at 50-50. >> chris: byron, the most we can say, or
and, every working american's taxes will go up january 1st if they do nothing about the payroll tax, a pretty big increase, and, defense cuts and everyone agrees, with that policy to have middle class americans' taxes go up, and, it totally irresponsible defense cuts and this is what congress thinks is a good deal. >> chris: i'm not sure it is a good deal but avoids the worst of the fiscal cliff. senator bayh -- obviously, we don't know, what is your sense, no filibuster in the senate?...
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Dec 30, 2012
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in which case middle class taxes will not go up. if that doesn't happen, then democrats in the senate will put a bill on the floor of the senate, and republicans will have to decide if they are going to block it, which will mean that middle class taxes do go up. i don't think they would want to do that politically, but they may end up doing it. and if all else fails, if republicans do, in fact, decide to block it so that taxes on middle class families do go up on january 1st, then we'll come back with a new congress on january 4th, and the first bill that will be introduced on the floor will be to cut taxes on middle class families. and, you know, i don't think the average person is going to say, gosh, you know r, that's a real partisan agenda on the part of either the president or democrats in congress. i think people will say that makes sense because that's what the economy needs right now. so one way or another we'll get through this. do i wish that things were more orderly in washington and rational and people listened to the be
in which case middle class taxes will not go up. if that doesn't happen, then democrats in the senate will put a bill on the floor of the senate, and republicans will have to decide if they are going to block it, which will mean that middle class taxes do go up. i don't think they would want to do that politically, but they may end up doing it. and if all else fails, if republicans do, in fact, decide to block it so that taxes on middle class families do go up on january 1st, then we'll come...
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Dec 23, 2012
12/12
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he's all about taxes. he has this mandate on taxes. the spending cuts, the need to get us out of this mess, he hasn't been serious about those, and then that's unfortunate. so, you know, i think where mick and i may be part company is this needs the big deal. i'm okay to say, president, you won. you can tax these rich people you seem to dislike so much, but, you know what? come up with spending cuts. we're borrowing ail trillion dollars a year, and he's not. >> i want to show you one of the our latest polls, and the question was which party should compromise more? 53% thought the republicans should compromise more, and 41% said the democrats. so it's not just the president won. you've seen poll after poll. they blame republicans if their taxes go up. you don't want anyone's taxes to go up, and yet, you are admitting here, saying i think everybody's taxes are going up. >> i don't know it's a question of who should compromise more? we recognize in order to get to a compromise. the question is who is supposed to lead? the president is the
he's all about taxes. he has this mandate on taxes. the spending cuts, the need to get us out of this mess, he hasn't been serious about those, and then that's unfortunate. so, you know, i think where mick and i may be part company is this needs the big deal. i'm okay to say, president, you won. you can tax these rich people you seem to dislike so much, but, you know what? come up with spending cuts. we're borrowing ail trillion dollars a year, and he's not. >> i want to show you one of...
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Dec 24, 2012
12/12
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the expiration of the tax cuts with a $2200 average tax high. the payroll tax cut would also expire meaning another $40 a paycheck and long-term unemployment benefits would end for 2 million americans. while these elements could have a recession-inducing effect, they could undo those measures shortly after the first of the year. estimations are if we do go over the cliff it would be the third quarter which the recession may hit. when be look at the issue of a -- the markets, however, may feel the brunt of the fiscal cliff fallout. the dow fell on friday after the deal failed the night before. last week fitch warned it may downgrade the u.s. credit rating if congress cannot reach a deal. some lawmakers are angling for the best political outcountry. >> when i listen to the president, i think he's eager to go over the cliff for political purposes. he gets all this additional tax revenue for new programs, gets to cut the military which democrats have been calling for for years, and he gets to blame republicans for it. implts joining me are off and o
the expiration of the tax cuts with a $2200 average tax high. the payroll tax cut would also expire meaning another $40 a paycheck and long-term unemployment benefits would end for 2 million americans. while these elements could have a recession-inducing effect, they could undo those measures shortly after the first of the year. estimations are if we do go over the cliff it would be the third quarter which the recession may hit. when be look at the issue of a -- the markets, however, may feel...
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Dec 22, 2012
12/12
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we don't want to raise taxes on anybody. we don't want to raise taxes on millionaires. we don't want the raise taxes on people who make $50,000 or $20,000. that's a core principle because the problem with the budget is spending. >> you have the final word. i've got run, unfortunately. but think thank you, joy reid. >> thank you, stephen moore. >> thank you. >> thank you. >> when we return, let me finish "zero dark thirty," the great movie about getting bin laden, and the difference one person can make. you're watching "hardball," the place for politics. >>> last night here in new york city i saw the movie "zero dark thirty." the film gets its wide release on january 11. i thought it lived up to the hype. the catherine bigelow movie about the takedown of bin laden was spell binding, epithet conclusion, even though you know how it ends. but much of the advance attention has been focused on how the movie begins, the graphic depiction of an al qaeda prisoner being harshly interrogated. earlier this week three u.s. senators took issue with that sequence. they fear that ameri
we don't want to raise taxes on anybody. we don't want to raise taxes on millionaires. we don't want the raise taxes on people who make $50,000 or $20,000. that's a core principle because the problem with the budget is spending. >> you have the final word. i've got run, unfortunately. but think thank you, joy reid. >> thank you, stephen moore. >> thank you. >> thank you. >> when we return, let me finish "zero dark thirty," the great movie about getting...
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Dec 22, 2012
12/12
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we don't want to raise taxes on anybody. we don't want to raise taxes on millionaires. we don't want the raise taxes on people who make $50,000 or $20,000. that's a core principle because the problem with the budget is spending. >> you have the final word. i've got run, unfortunately. but think thank you, joy reid. >> thank you, stephen moore. >> thank you. >> thank you. >> when we return, let me finish "zero dark thirty," the great movie about getting bin laden, and the difference one person can make. you're watching "hardball," the place for politics. [ male announcer ] this is bob, a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day pr
we don't want to raise taxes on anybody. we don't want to raise taxes on millionaires. we don't want the raise taxes on people who make $50,000 or $20,000. that's a core principle because the problem with the budget is spending. >> you have the final word. i've got run, unfortunately. but think thank you, joy reid. >> thank you, stephen moore. >> thank you. >> thank you. >> when we return, let me finish "zero dark thirty," the great movie about getting...
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Dec 30, 2012
12/12
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rate should be as well as on taxes on small business as well as the death tax. they are very divided on this issue. >> the estate tax. yeah. so let me have you answer that. i have another subject i want to bring up. do you think there will be a deal and that most taxes will not go up? >> we're not there yet, but i'm hoping in a bipartisan way we can get something done before new year's day. >> okay. let me -- i wanted to play you something else, because you were an immigration lawyer before you came in, continues to be something you're interested in. and the president was talking about priorities for this year and here's what he had to say. >> i've said that fixing our broken immigration system is a top priority. i will introduce legislation in the first year to get that done. i think we have talked about it long enough, we know how we can fix it, we can do it in a grow hensive way that the american -- comprehensive way the american people support, that's something we should get done. >> sounds like it could be a done deal. talked enough about it. >> i think he
rate should be as well as on taxes on small business as well as the death tax. they are very divided on this issue. >> the estate tax. yeah. so let me have you answer that. i have another subject i want to bring up. do you think there will be a deal and that most taxes will not go up? >> we're not there yet, but i'm hoping in a bipartisan way we can get something done before new year's day. >> okay. let me -- i wanted to play you something else, because you were an immigration...
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Dec 24, 2012
12/12
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people ma taxes will go up for everyone. you can see the numbers here, 40 to 65,000, it's $2,000 of a tax hike. so as constituents, if they were to call you and they say why is this happening, what are you going to say to them? >> well, first of all, that's not going to happen. we may go off the cliff on january 1st but we would correct that very quickly thereafter. what i'm telling them is the reason it's happening is we have idey ideologues in the house of representatives who don't believe there's a fiscal side of the budget. they're focused on cutting spending in unprecedented ways and they don't believe in taxes essentially. on the budget committee we've seen this day in and day out. these members of the house, and i don't know how many of them there are, but at least 50 or 60 basically have established a record in which ne hathey have firmly embraced the concept of not raising taxes and serious cuts that they put themselves in a box and they really can't get out and that's really tying up everything. because we can do a
people ma taxes will go up for everyone. you can see the numbers here, 40 to 65,000, it's $2,000 of a tax hike. so as constituents, if they were to call you and they say why is this happening, what are you going to say to them? >> well, first of all, that's not going to happen. we may go off the cliff on january 1st but we would correct that very quickly thereafter. what i'm telling them is the reason it's happening is we have idey ideologues in the house of representatives who don't...
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Dec 24, 2012
12/12
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the tax policy center. the annual income from somebody in the $50,000 to $75,000, about a $2,400 increase. jumping ahead to $100,000 to $200,000, the average tax increase, $6,600. tacking at that great divide of the wealthy, over $250,000, at least a $11,000 tax hike. over $1 million, more than $254,000. >> hampton, looking at that number, that's for those americans working right now. there are still struggling americans, millions looking for work and what's the fiscal cliff mean for them? >> reporter: okay. we have unemployment at 7.7% last month and mainly went down because people gave up looking for work and jdropped out of th job market and out of work six months or longer. 4.8 million americans, they're the folks worried the most about unemployment benefits not extended after the first of the year. >> as we look at that number, that's staggering for so many. we have a "the washington post" poll that indicates 74% of americans support raising taxes on the top earners in this country. with that support t
the tax policy center. the annual income from somebody in the $50,000 to $75,000, about a $2,400 increase. jumping ahead to $100,000 to $200,000, the average tax increase, $6,600. tacking at that great divide of the wealthy, over $250,000, at least a $11,000 tax hike. over $1 million, more than $254,000. >> hampton, looking at that number, that's for those americans working right now. there are still struggling americans, millions looking for work and what's the fiscal cliff mean for...
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Dec 27, 2012
12/12
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all the bush tax cuts expire, the payroll tax cuts expire. doctors participating in medicare, see their reimbursements cut by more than 25%. good luck getting a doctor then. more than a trillion dollars in spending cuts are triggered. the economy probably falls back into recession, and merry christmas and happy new year from washington to you, the american people. heard about the offers and the counteroffers president obama and house speaker john boehner put on the table. if you live in the game area, you're going to be reading about the cliff whether you like it or not. we at starbucks have an opportunity and i believe a responsibility to use our company's scale for good, by sending a respectful and optimistic message to our officials to come together and reach important ground. this week, through december 28th, partners at our washington, d.c., area stores are writing come together on customer's cups. i am hugely in favor of this new starbucks initiative. not because i think writing come together on coffee cups will bring anybody in washing
all the bush tax cuts expire, the payroll tax cuts expire. doctors participating in medicare, see their reimbursements cut by more than 25%. good luck getting a doctor then. more than a trillion dollars in spending cuts are triggered. the economy probably falls back into recession, and merry christmas and happy new year from washington to you, the american people. heard about the offers and the counteroffers president obama and house speaker john boehner put on the table. if you live in the...
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Dec 24, 2012
12/12
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on taxes, i know it's hard for the republicans but the president ran on that platform, 250, no tax increase for people below but taxes for people above. 60% of the voters said they were for it in the exit polls, including some republicans and yet our republican colleagues by refusing to go along with revenues are risking the fiscal cliff and make no mistake about it. if we go over, god forbid and i still don't think we have to, the american people are going to blame the republican party and they'll come right back and pass something. so i don't think the middle class is at risk. if we go over the cliff, our republicans colleagues will come back and go uh-oh and pass the bill we passed in senate already. >> can check hagel become secretary of defense if he's the republican's nominee? >> a lot of republicans have asked hard questions. i don't think he's going to get many republicans votes. i like chuck but his positions are really out of the mainstream and well to the left of the president. i think it would be a challenging nominations but the hearings will matter. chuck will have a chance to
on taxes, i know it's hard for the republicans but the president ran on that platform, 250, no tax increase for people below but taxes for people above. 60% of the voters said they were for it in the exit polls, including some republicans and yet our republican colleagues by refusing to go along with revenues are risking the fiscal cliff and make no mistake about it. if we go over, god forbid and i still don't think we have to, the american people are going to blame the republican party and...
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Dec 24, 2012
12/12
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that plan would block tax hikes for those earning $250,000. it would extend unemployment benefits to 2 million americans and put off spending cuts until the new year brings a new congress. our expert on all matters relating to the fiscal cliff is dana bash. she joins me now from washington. dana, great to see you again. tell me does even a band-aid approach work? >> it's going to be tough. this is all math. but it really has to do with the math with regard to votes. and democrats especially who i'm talking to in the senate which is probably where this will originate, the reality is that democrats don't hold a very big majority. her going to need to have a handful of republicans to cross party lines and vote with them on the whole concept of raising any taxes. especially what the president wants which is something that is raising taxes on all americans making more than $250,000. that's the senate. never mind the house, which of course, made clear to the house speaker that they won't even go for something that's a million dollars or more when it
that plan would block tax hikes for those earning $250,000. it would extend unemployment benefits to 2 million americans and put off spending cuts until the new year brings a new congress. our expert on all matters relating to the fiscal cliff is dana bash. she joins me now from washington. dana, great to see you again. tell me does even a band-aid approach work? >> it's going to be tough. this is all math. but it really has to do with the math with regard to votes. and democrats...
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Dec 22, 2012
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is it on taxes? >> well, alex, i think that the question -- you know, early on we saw maybe -- you know, it would be on the tax rate. republicans don't want to raise taxes at all but would be willing to go to a hire rate but not as high as the president wants. maybe the threshold. president wants anybody making under $250,000 -- over $250,000 with a tax hike. republicans were at a million. somewhere in the middle, $400,000, $500. right now it does not seem -- republican majority in the house and so in terms of any kind of, you know, common ground, it doesn't seem like there is a lot left. it may be going over the cliff and coming back with a tax cut. >> here's what's happening as a result of all of this. we have the stock market which closed down nearly 121 points on friday. no agreement in sight. if we head over this cliff, the average middle class family will pay $2400 a year more in taxes. 3.5 million jobs could be lost. when we see these manifestations, someone is going to pay a political price f
is it on taxes? >> well, alex, i think that the question -- you know, early on we saw maybe -- you know, it would be on the tax rate. republicans don't want to raise taxes at all but would be willing to go to a hire rate but not as high as the president wants. maybe the threshold. president wants anybody making under $250,000 -- over $250,000 with a tax hike. republicans were at a million. somewhere in the middle, $400,000, $500. right now it does not seem -- republican majority in the...
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Dec 27, 2012
12/12
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>> if all tax rates go up, any deal can be called a tax cut. it's simple like that. if you go over the cliff, anything's a tax cut. >> if you do it now how's it interpreted? >> the interpretation will some primary voters is you danced around on rates. >> or they pass a bill cutting taxes continuing the bush tax cuts for under $500,000 a year. something they agree on. >> because of what bob's saying is they're worried some voters are going to look at that -- >> unaware of reality that they would confuse this week with next week in terms of the same results. >> governor norquist agrees with you. but some republicans especially in the house who are unwilling to make the plan "b" type deal. >> but in the end where do you think it's going to end up? $500,000? $600,000? >> it's going to be in the middle. closer to obama's $400,000. >> i think that's about right. sounds about like $400,000. >> which leaves out less than 2% of the people. >> absolutely. >> people say that's an average income. most people make about $40,000 a year. that's average. $40,000 and that's with thre
>> if all tax rates go up, any deal can be called a tax cut. it's simple like that. if you go over the cliff, anything's a tax cut. >> if you do it now how's it interpreted? >> the interpretation will some primary voters is you danced around on rates. >> or they pass a bill cutting taxes continuing the bush tax cuts for under $500,000 a year. something they agree on. >> because of what bob's saying is they're worried some voters are going to look at that --...
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Dec 30, 2012
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the alternative minimum tax is one that people talk about. the estate tax. these are all things that would affect average americans and which would hit on january 1st. so the fiscal cliff, it might be even bigger than people realize. don? >> lisa, thank you very much. >>> we've got a lot more planned for you this saturday night. here's what else is ahead. as our lawmakers wrestle with u.s. gun violence, chicago hits an awful milestone. 500 murders this year and counting. what's to blame? a former gang member and chicago's police superintendent join me live. >>> plus, president obama could tap this republican to lead the defense department. but not everyone wants to see a secretary hagel. why some of the loudest voices with coming from his own party. >>> and 2012 is almost history. but what's the takeaway? comedian dean obeidallah schools us. >>> and also good news to tell you about a story we have been reporting on tonight. two missing georgia boys have been found safe in austin, texas. their father, the man who allegedly kidnapped them has been taken into c
the alternative minimum tax is one that people talk about. the estate tax. these are all things that would affect average americans and which would hit on january 1st. so the fiscal cliff, it might be even bigger than people realize. don? >> lisa, thank you very much. >>> we've got a lot more planned for you this saturday night. here's what else is ahead. as our lawmakers wrestle with u.s. gun violence, chicago hits an awful milestone. 500 murders this year and counting. what's...
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Dec 22, 2012
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we're going to have the votes to pass both the tax -- permanent tax relief bill, as well as the spending reduction account. >> i am not convinced at all that when the bill passes the house today, that it will die in the senate. >> you know, the bill never got to the senate because it never passed the house because it turns out you guys didn't have the votes to pass it in the house. and the most important thing here is that you thought you did. you counted wrong. you thought you had the votes and you didn't. you did not know that you were going to lose that vote on your own legislation because of the votes of your own side. you didn't know you were going to lose it until you started to lose it, and then you had to shut everything down at emergency speed. whether you prefer the policies of john boehner or you prefer the policies of nancy pelosi, if you just compare them, technocratically speaking, nancy pelosi never lost a vote. she never once got so confused and lost control of the group she was supposed to be leading, she never got caught out saying something was going to pass. she never
we're going to have the votes to pass both the tax -- permanent tax relief bill, as well as the spending reduction account. >> i am not convinced at all that when the bill passes the house today, that it will die in the senate. >> you know, the bill never got to the senate because it never passed the house because it turns out you guys didn't have the votes to pass it in the house. and the most important thing here is that you thought you did. you counted wrong. you thought you had...
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Dec 26, 2012
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everybody's taxes would go up. you won't feel that immediately with most of these things, but with unemployment insurance and others, you will. there will be a grass roots feeling among americans. if you look at the polls, republicans will get blamed. they themselves are wary of this. that's why democrats would politically feel inclined to go over the cliff. there will be so much on republicans, this might be the only way they agree to raise taxes. >> not to mention in the next senate too. 55 democrats and four seats in the house. >> quickly for both of you, we covered this today. i'm surprised by the lack of urgency. does that surprise you as well? >> this is not the debt ceiling. say we are working through the weekends and training mcconnell and biden on the phone and the president involved. really to take christmas off facing the fiscal cliff in a week shows how little optimism there is. >> i completely agree. we spent many late nights in the capital and is it doesn't seem like that is going to happen. >> amazin
everybody's taxes would go up. you won't feel that immediately with most of these things, but with unemployment insurance and others, you will. there will be a grass roots feeling among americans. if you look at the polls, republicans will get blamed. they themselves are wary of this. that's why democrats would politically feel inclined to go over the cliff. there will be so much on republicans, this might be the only way they agree to raise taxes. >> not to mention in the next senate...
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the alternative minimum tax is one that people talk about. the estate tax. these are all things that would affect average americans and which would hit on january 1st. so the fiscal cliff, it might be even bigger than people realize. don? >> lisa, thank you very much. >>> we've got a lot more planned for you this saturday night. here's what else is ahead. as our lawmakers wrestle with u.s. gun violence, chicago hits an awful milestone. 500 murders this year and counting. what's to blame? a former gang member and chicago's police superintendent join me live. >>> plus, president obama could tap this republican to lead the defense department. but not everyone wants to see a secretary hagel. why some of the loudest voices with coming from his own party. >>> and 2012 is almost history. but what's the takeaway? comedian dean obeidallah schools us with his top ten lessons of 2012. >>> and also good news to tell you about a story we have been reporting on tonight. two missing georgia boys have been found safe in austin, texas. their father, the man who allegedly kid
the alternative minimum tax is one that people talk about. the estate tax. these are all things that would affect average americans and which would hit on january 1st. so the fiscal cliff, it might be even bigger than people realize. don? >> lisa, thank you very much. >>> we've got a lot more planned for you this saturday night. here's what else is ahead. as our lawmakers wrestle with u.s. gun violence, chicago hits an awful milestone. 500 murders this year and counting. what's...
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at that point republicans can support a deal without voting for a tax increase, in fact, because tax rates have automatically reset higher, they can say now we're voting for a big tax cut for the broad middle class. >> is that what's going to ensure that speaker boehner is not in danger is it. >> right. i mean, that's where someone earlier said, you know, he's got to figure out whether he's for the country or for his own job. in many ways he's preserving his own job by not pushing a vote by which the only way that vote would get over the legislative would be with a majority of democrats. he doesn't want to do that to preserve his job. once we go over the cliff, we can possibly do more of a bungee jump if we reverse the damage quickly. in that vote republicans don't have to vote for a tax increase, which to me is absolutely ridiculous in terms of serving the economy and the country, but i guess the politics makes sense to some of these guys. >>> jared bernstein, thank you. the storm is coming. look at that storm, the symptom is coming behind you. >> you weren't talking about a fiscal
at that point republicans can support a deal without voting for a tax increase, in fact, because tax rates have automatically reset higher, they can say now we're voting for a big tax cut for the broad middle class. >> is that what's going to ensure that speaker boehner is not in danger is it. >> right. i mean, that's where someone earlier said, you know, he's got to figure out whether he's for the country or for his own job. in many ways he's preserving his own job by not pushing a...
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the payroll tax holiday will expire on new year's day. that means most people will start paying more taxes in each paycheck. another 21 million americans would lose federal emergency unemployment benefits and those, let's remember, are people struggling the most right now. across the entire economy going over the cliff could slow the current growth rate of 3.1% and risk sparking another recession. joining us now to break it down from washington is cnbc's john harwood. thanks for being here. >> hey, ari. >> remind us where we were before plan b, how far apart were the last comprehensive offers between the president and negotiators? >> a few hundred billion dollars, which is a lot of money, sounds like a lot of money, but in the context of a ten-year budget deal when you have some very large programs that can be tweaked one way or another, is not that much. they were within shouting distance if the speaker could bring his caucus along to support the deal that he was promoting and getting close to striking with the president, but it's clear
the payroll tax holiday will expire on new year's day. that means most people will start paying more taxes in each paycheck. another 21 million americans would lose federal emergency unemployment benefits and those, let's remember, are people struggling the most right now. across the entire economy going over the cliff could slow the current growth rate of 3.1% and risk sparking another recession. joining us now to break it down from washington is cnbc's john harwood. thanks for being here....
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extend the tax cuts only for the 250 and below. you kick the sequester down the road, you patch the amt and medicare fix. all that. if the speaker is willing to put that to a vote, i suspect it would pass in the house and we actually could have a compromise before the end of the year. but it would pass with mostly democratic votes. and the likelihood he's going to want to do that seems to me very slim. that's why i think we're probably going over the cliff. now, my hope is that it's more of a bungee jump than a cliff dive. because on the other side there's some dynamics that change such that republicans can vote for a big tax decrease off of what will then be current law. >> jared, you've got a post -- i just want to go back for a moment. while this ping-pong game is going on in washington, you've got a post on your blog showing the real drag this is having on consumer confidence. so, i mean, what can the president do to protect the economy and try to restore some degree of confidence while these negotiations are going on? >> i thi
extend the tax cuts only for the 250 and below. you kick the sequester down the road, you patch the amt and medicare fix. all that. if the speaker is willing to put that to a vote, i suspect it would pass in the house and we actually could have a compromise before the end of the year. but it would pass with mostly democratic votes. and the likelihood he's going to want to do that seems to me very slim. that's why i think we're probably going over the cliff. now, my hope is that it's more of a...
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>> no, it doesn't raise taxes. those tax increases will go into effect. there's no bill before the congress that raises taxes. there are many bills that are trying to stop those taxes in various forms. and let me be clear. i think the president's plan is an absolute disaster. a lot of those wealthy folks earning over $200,000 aren't even folks. they're small businesses, filing under sub-chapter "s," some 84% of net business income is affected by this tax increase. that's the income they use to create and expand two-thirds of the jobs in our economy. that is an absolutely insane economic policy, but that's at the core of what the president is trying to do. the cbo is warning us, $200,000 jobs will be destroyed by this policy. but if we can't stop it, the best we can do is offer every warning we can, and then try and save as many other taxpayers as possible. >> do you think the white house should add a little sweetener to the deal for some conservatives? for example, stalling the sequestration cuts and extending the current estate tax rates? >> oh, i don't
>> no, it doesn't raise taxes. those tax increases will go into effect. there's no bill before the congress that raises taxes. there are many bills that are trying to stop those taxes in various forms. and let me be clear. i think the president's plan is an absolute disaster. a lot of those wealthy folks earning over $200,000 aren't even folks. they're small businesses, filing under sub-chapter "s," some 84% of net business income is affected by this tax increase. that's the...
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it's not just the sequester, all the tax cuts expire. >> that includes the payroll tax cut. it helped people of lower incomes. there's a lot more on the table. >> the payroll tax cuts need to be reimposed. that is the opening to go after social security for example. but, i always thought all the bush tax cuts should expire. i think everybody should have skin in the game. i think you should have a progressive tax code. if you want to deal with the deficit problem, the two things you have to have are people working and you have to have people paying taxes. you cannot cut your way out of our deficit problem. >> quick exit question. this is a yes or no. do we get a better deal if we go over the cliff? yes or no. >> i can't do yes or no. i'm sorry. >> we have little time. >> a cliff is terrible. if there is a terrible deal proposed, then i think it's better to go over the cliff. >> take it to the brink, obama. >> don't go over the cliff. no. no. >> absolute lie not. >> we have a table divided. >>> negotiations about policy ors personalities. [ male announcer ] when it comes to th
it's not just the sequester, all the tax cuts expire. >> that includes the payroll tax cut. it helped people of lower incomes. there's a lot more on the table. >> the payroll tax cuts need to be reimposed. that is the opening to go after social security for example. but, i always thought all the bush tax cuts should expire. i think everybody should have skin in the game. i think you should have a progressive tax code. if you want to deal with the deficit problem, the two things you...
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Dec 23, 2012
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the president ran on that platform, no tax increases pleau and taxes for people above. he won. 60% of the voters said they were for it in the exit poll, including some republicans and yet our republican colleagues by refuses to go along with revenues, are risking the fiscal cliff and make no mistake about it. if we go over, god forbid and i still don't think we have, to the american people are going to blame the republican party, and they will come right back and pass something, so i don't think the middle class is at risk because if we go over the cliff our republican colleagues will come back and say uh-oh and pass the bill we passed in the senate already. >> quick answer, could chuck hagel become the secretary of defense if he's the president's nominee? >> a lot of republicans are going to ask him hard questions, and i don't think he's going to get many republican votes. i like chuck and i didn't quite know all of his positions, outside the mainstream and well to the left of the president. the hearings will matter. >> would you support him? >> chuck will have a chanc
the president ran on that platform, no tax increases pleau and taxes for people above. he won. 60% of the voters said they were for it in the exit poll, including some republicans and yet our republican colleagues by refuses to go along with revenues, are risking the fiscal cliff and make no mistake about it. if we go over, god forbid and i still don't think we have, to the american people are going to blame the republican party, and they will come right back and pass something, so i don't...